Betting Against BTC - Shorting is the way to goReady to short 28.7 and 29.2 with tight stops as usual; targeting 15k for the swing account and will start scaling out around 22.8 on the scalp account.
Bitcoinshort
2023 Tradingdesk for BitcoinFrom now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
Fallow, like and boost so you dont miss the updates.
Bitcoin in Wyckoff Distribution 😱Bitcoin in a Wyckoff Distribution for the last 16 days
Supply may begin to dominate
🔴 Short-term pullback coming into the weekend.
🔴 On Balance Volume confirms weakness
⭐ Macro bull market, I would buy the dip!
Looks like 28k retest with a big dump potentially.. If 25k dont hold I'd look at 25k as resistance and consider if we are still in a bearmarket.. (>^.^)>
Bitcoin year of despairmajor resistance rejected and elliot wave theory. Year of despair for bulls. Youve been warned.
SELL BTC if and only if it breaks short term Support of 26600 SELL BTC
condition: It has to break the short term support of 26600
SL: 28250
TARGET: 26600
R/R ratio= 1:4
Blue line: 200 ema
Black line : 600 ema
bitcoin trendThe target is more likely to hit the bottom of the bullish channel after several swings
Supply and Demand of bitcoin priceBitcoin price is stuck in daily range.
Breaking the top or the bottom of the range will determine the continuation of the path.
BITCOIN BACK TO $25KExpecting bitcoin to move back down to support following a daily candle closing below local support.
Along with this BTC.D chart, clear bearish divergence suggests BTC will be weak in the coming days/weeks.
BTC TIMECHAIN -> After the first GAIN now next oneWe need to close the T+2 so we can enter short again on the close of the T-1i inside the box
Have a Nice and Slow Trading
Remember that everything you need to trade is TIME and SPACE
Ciao
BTC/USDT at the major zone near $30KHey guys 👋
New week is here which started pretty red where most of coins showed some liquidity hunt which seems ti be recovering for now. But what is the bigger picture here? Let's dive in in Bitcoin
If you ask us we did not expect the price of BTC to show any bullish signs near $20K zone which resulted all that bullish movement where we are currently. So what do we see? Well first thing we notice again is that EMA100 and EMA200 are way too far from market price which means we should see a smaller kind of pullback to lower zones soon (but not before we touch that upper resistance. So until we see that $30K zone we won't be looking much on BTC tbh.
But what do you think guys:
We have here 3 different zones where BTC can go ($37900 zone, $30500 zone and $18800 zone) Which one are you waiting the most?
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Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Continued Bearish Idea for BitcoinBitcoin did breakout above the trend line for the rising channel. However a bearish cross to the MACD is incoming and the Stochastic is oversold as well. Bitcoin needs to break above the 30k level and hold in order to flip the script of this long term down trend. If bitcoin is rejected, I can see support at 25K, 21K and then down to 15K. Should we lose 15K, expect a retest down to 8-10K level. On a Bigger Macro level the Monthly MACD is still in a bearish trend.
Short term target 18385Following weekly.
I am still on short side in BTC.
As you can see, we're still below the 200EMA which is personally I am cared about.
TP1 19400
TP2 18390
SL Follow EMA 200 ( blue line) but wait weekly close.
This is very short term target and can hit even this week.
Strong RSI Divergence on the daily timeframe!Be careful, I just spotted a ***very strong*** RSI divergence on the daily timeframe.
The relief rally might (I said might, mind you!) be "about over" and price could easily turn downwards, correcting strongly in a Wave 2.
This would not impair the bullish scenario, which would remain in the table, should Wave 3 finally form thereafter.
Price looked headed towards 30,000 but,... will it reach such figure? It easily could though it might be running out of gas.
Be prepared to SHORT when the climax is reached.
BITCOIN GOING TO BREAKDOWN?4h rising wedge with bearish divergence could bring the price to backtest 25k after making our first target of 28 k.
The same fractal as the ftse trade I posted a few weeks ago, it played out wonderfully.
$BTC - FED won't stop - Double Bottom Target $12k - $16k by SepFED not stopping Rate Hikes anytime soon
Huge possibility of Double Bottom
Target $12k - $16k then to the MOON
Bitcoin looks to be forming a top.Bitcoin - 24h expiry - We look to Sell a break of 26448 (stop at 27458)
Price action looks to be forming a top.
Short term MACD has turned negative.
A break of the recent low at 26473 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The bias is to break to the downside.
Our profit targets will be 24008 and 23508
Resistance: 27200 / 28000 / 28850
Support: 26500 / 26000 / 25000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Will Bitcoin Climb or Collapse as Bank Chaos Subsides?Which way will Bitcoin break out of last week’s range? On screen I have highlighted the price range between $29,000 and $26,700, representing the high and low of the week-long ranging period. The price has flirted with a break to the downside, touching as low as $26,500, but a confident close below $27,000 is still to occur.
Bitcoin surged in March as confidence in the global banking system was shaken with the fall of a few US regional banks and the Swiss giant Credit Suisse. As it stands, it appears that the risk of other banks going under is subsiding, which may also stifle the upside potential of bitcoin moving forward. The phycological level of $30,000 might be too lofty a goal for bulls now if a break to the upside does occur. Gold hitting $2,000 might be more likely at this point.
Elsewhere in the crypto sphere, and perhaps applying some more pressure on the price of Bitcoin, The Commodity Futures and Trading Commission has filed a complaint against Binance and its Founder Changpeng Zhao, for allegedly violating US trading and derivatives laws. Binance and Zhao are being accused by the CTFC of operating an "inefficient compliance program" and deliberately violating the law. Zhao has tweeted that the CTFC’s allegations are "fake news”.
Shorting BTC Amidst Binance Lawsuit News & Market UncertaintyHello TradingView community,
Today, we have witnessed a sudden drop in Bitcoin's price from $27,996 to $26,508, following the news that the Commodity Futures Trading Commission (CFTC) is suing Binance and its CEO, Changpeng Zhao (CZ), over alleged willful evasion of U.S. laws and offering unregistered crypto derivatives products. This significant event has generated considerable uncertainty and fear in the market, making it a perfect opportunity to short BTC using the Fibonacci retracement tool.
Chart Analysis:
Upon analyzing the chart, we can see that BTC has broken down below the 0.618 Fibonacci retracement level ($26,508), a critical support level, and it seems to be struggling to regain momentum. This breakdown indicates a potential further decline in BTC's price.
Trade Setup:
Considering the current market situation, we are proposing a short position on BTC with the following targets and stop loss:
Entry: Current price (or anything above $26,800)
TP1: $26,508
TP2: $25,939
TP3: $25,588
TP4: $24,100
Stop Loss: $27,500
Risk Management:
Please note that this trade carries significant risk due to market volatility and news-driven price fluctuations. It is crucial to employ proper risk management techniques, such as using a stop loss and position sizing based on your risk tolerance.
Conclusion:
As the market reacts to the CFTC lawsuit against Binance and CZ, we can take advantage of the market uncertainty by shorting BTC using the Fibonacci retracement tool. Keep a close eye on the market, and always trade with caution. Happy trading!
Bitcoin Dump Signs On Chart Is Insane! Is Today The Crash Day??BTC/4H doing Another Rising Broadening wedge
We made 3 top and each were lower than previous one. the last pump that happen was a liquidity grab.Also On Daily Bitcoin looks very dumpy,H&S could be in play too (mentioned in video)
Keep In mind after the touch we did at 28954 it dumped heavily and then regained it back with a lower high. and the consolidation is inside that red candle and It Formed a BIG Pennant. showing a possibility of a strong dumpage.
There is some Bullish Sign That Ive talked about in video too that could play out and we could visit 31K ( I doubt it though) but worth mentioning it
Thanks for all your support
Bitcoin to breakdown?Bitcoin - 24h expiry - We look to Sell a break of 26497 (stop at 27522)
Broken out of the channel formation to the downside. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A Doji style candle has been posted from the high. A break of the recent low at 26663 should result in a further move lower. Short term MACD has turned negative.
Our profit targets will be 24047 and 23747
Resistance: 27800 / 28400 / 28856
Support: 27200 / 26663 / 26000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Bitcoin Cant Hold The Price Up AnymoreBTC\4H Exited The Parallel channel
When FOMC number was annonced we performed a sweep to both sides then we started to dump.
After we hit our target 26.6 as mentioned in previous video we formed a Ascending triangle ( another jebait like 30k) and we exited to the upside from it with low volume which could be counted as retracement.
With Banking situation and credit tightening that is happening , 25bps will have a big impact and most likely we gonna crash ( Ive talked about this more in vid
My Targets are still the same : 25.4 - 23.2
Thank you for watching and all the support - Means A LOT TO ME
